TASI falls 2.3% to 9,696 pts, records lowest close in 66 months
Saudi Arabia’s benchmark Tadawul All Share Index (TASI) fell 2.3%, or 231 points, to 9,696 points today, Oct. 22, marking its lowest close since 2021.
Total turnover reached nearly SAR 4.9 billion.
The index hit a high of 9,888 and a low of 9,640.
Today’s decline has pushed the index’s losses to 540 points, or 5.1%, since the start of the year.
The decline pushed weekly index losses to more than 400 points, or 4.1%, continuing the decline for the eighth consecutive week and marking the longest weekly decline streak in 32 years, since 1994.
Market Index
Most stocks fell, led by SNB, which fell more than 5% to SAR 34.62. About 9 million shares were traded.
Saudi Aramco and Al Rajhi Bank declined 1% to SAR 25.40 and SAR 59.80, respectively.
Maaden closed at SAR 55.90 (-5%).
Retal, Al Yamamah Steel, East Pipes, Jahez, Al Khaleej Training and Saudi Steel Pipe fell between 5% and 9%.
Electrical Industries, Abo Moati, Umm Al-Qura Cement, Saleh Al Rashed, Wafrah, Al-Fakhera and Watani Steel dropped almost 10%.
Company Prices
| Company | Price | Change | Change (%) | Events |
|---|---|---|---|---|
| ALRAJHI | 59.80 | (0.40) | (0.66 %) | - |
| SAIB | 11.16 | (0.27) | (2.36 %) | - |
| SABIC | 43.72 | (1.68) | (3.70 %) | - |
| SNB | 34.62 | (1.86) | (5.10 %) | - |
| SAUDI ARAMCO | 25.40 | (0.18) | (0.70 %) | - |
| EIC | 10.35 | (1.15) | (10.00 %) | - |
| ACWA | 150.00 | (3.90) | (2.53 %) | - |
| ALASEEL | 3.11 | (0.04) | (1.27 %) | - |
| UCIC | 24.60 | 0.48 | 1.99 % | - |
| JAMJOOM PHARMA | 121.40 | (0.40) | (0.33 %) | - |
Meanwhile, Al-Etihad Insurance rose 10% to SAR 6.16, while JAZADCO gained more than 9%.
Al Arabia, UCIC and Saudi Kayan climbed between 1 and 3%.
Write to Parag Deulgaonkar at parag.d@argaam.com
Number of High/Low companies
Market Movers
| Company | 52 Weeks Range | Price | Change | Price Earnings |
|---|---|---|---|---|
| ALETIHAD | 6.16 | 10.00 % | NEG | |
| JAZADCO | 6.97 | 9.42 % | NEG | |
| ALARABIA | 41.70 | 2.76 % | NEG | |
| UCIC | 24.60 | 1.99 % | 8.65 | |
| Al RAJHI REIT | 7.85 | 1.42 % | 17.57 | |
| ALJOUF | 34.64 | 1.41 % | 26.17 | |
| ALINMA RETAIL REIT | 4.20 | 1.20 % | NEG | |
| ALBILAD US ETF | 17.45 | 0.81 % | - | |
| ALDAWAA | 35.50 | 0.62 % | 16.53 | |
| SAUDI KAYAN | 4.87 | 0.62 % | NEG |
Companies trading above 3-Month Average
| Company | Average Volume (3M) | Volume | Percentage Change |
|---|---|---|---|
| UACC | 110,480.32 | 1,809,348.00 | 1,537.71 % |
| DALLAH HEALTH | 157,435.60 | 956,874.00 | 507.79 % |
| EIC | 3,272,805.80 | 14,780,751.00 | 351.62 % |
| WATANI STEEL | 3,945,771.61 | 17,210,647.00 | 336.18 % |
| JAZADCO | 191,874.89 | 812,692.00 | 323.55 % |
| ALETIHAD | 1,051,335.94 | 3,887,572.00 | 269.77 % |
| YAQEEN PETROCHEMICAL ETF | 587.64 | 2,143.00 | 264.68 % |
| ALARABIA | 347,651.75 | 1,259,331.00 | 262.24 % |
| UCIC | 139,240.77 | 468,595.00 | 236.54 % |
| SAUDI KAYAN | 4,737,977.72 | 15,175,999.00 | 220.31 % |
| More | |||
Companies achieved the highest and lowest closings in 52 weeks
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Sector Closure
Sector
Value
Change
Change (%)
Most Active Companies
Name
Price
Change (value)Change (%)
Brent Crude Oil
114.00
0.84
0.74 %
Nymex
100.62
1.14
1.15 %
Natural Gas
2.73
(0.05)
(1.72 %)
Gold
4,010.72
(13.70)
(0.34 %)
Silver
53.81
(0.78)
(1.43 %)
High Grade Copper
6.45
0.05
0.78 %
Iron Ore
90.73
(0.12)
(0.13 %)
Aluminum
3,090.50
(33.25)
(1.08 %)
LEAD
1,904.00
6.00
0.32 %
Zinc
3,711.00
40.00
1.09 %
Steel
1,170.00
(14.00)
(1.20 %)
Wheat (CBOT)
626.50
1.40
0.22 %
Corn (CBOT)
458.75
(1.20)
(0.26 %)
Coffee (ICEUS)
312.45
(3.70)
(1.17 %)
Whole Milk Powder
4,325.00
(112.50)
(2.60 %)
Skim Milk Powder
3,837.50
225.00
5.86 %
Refining margins
8.17
0.47
6.10 %
VLCC "Spot"
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Fujairah Fuel Pric (mt) ($)
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VLCC "TC/1Year" ($)
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LPG (mt) ($)
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